Codere Online (NASDAQ: CDRO) COO discloses shares and long-term options

Rhea-AI Filing Summary

Codere Online Luxembourg, S.A. Chief Operating Officer Deborah Frida Guivisdalsky reported her initial equity holdings. She directly owns 11,874 ordinary shares, including 2,887 shares underlying restricted share units scheduled to vest on December 31, 2026.

She also holds several option awards over ordinary shares: 28,175 options at an exercise price of $10.0000 expiring on December 31, 2027; 37,000 options at $8.4900 expiring on January 1, 2034; 30,000 options at $8.4900 expiring on January 1, 2035; and 35,000 options at $8.0300 expiring on January 1, 2036. Footnotes indicate portions of these options have already vested, with the remaining unvested options vesting in annual installments between December 31, 2026 and December 31, 2030.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Guivisdalsky Deborah Frida

Role Chief Operating Officer

Type	Security	Shares	Price	Value
holding	Ordinary Share Option (right to buy)	--	--	--
holding	Ordinary Share Option (right to buy)	--	--	--
holding	Ordinary Share Option (right to buy)	--	--	--
holding	Ordinary Share Option (right to buy)	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Share Option (right to buy) — 28,175 shares (Direct); Ordinary Shares — 11,874 shares (Direct)

Footnotes (1)

1. Includes 2,887 ordinary shares underlying restricted share units that will vest on December 31, 2026. Represents options granted under the Company's prior long-term incentive plan, of which 22,540 have vested. The remaining 5,635 unvested options vest on December 31, 2026. Represents options granted under the Company's long-term incentive plan ("LTIP"), of which 18,500 have vested. The remaining 18,500 unvested options vest in two equal annual installments on December 31, 2027 and December 31, 2028. Represents options granted under the LTIP, of which 7,500 have vested. The remaining 22,500 unvested options vest in three equal annual installments on December 31, 2027, December 31, 2028 and December 31, 2029. Represents options granted under the LTIP. These options vest in four equal annual installments on December 31, 2027, December 31, 2028, December 31, 2029 and December 31, 2030.

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Accepted by SEC EDGAR 03/25/2026 - 04:16 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Guivisdalsky Deborah Frida

(Last) (First) (Middle)

7 RUE ROBERT STUMPER

(Street)

LUXEMBOURG L-2557

(City) (State) (Zip)

LUXEMBOURG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Codere Online Luxembourg, S.A. [ CDRO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	11,874(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Ordinary Share Option (right to buy)	(2)	12/31/2027	Ordinary Shares	28,175	$10	D
Ordinary Share Option (right to buy)	(3)	01/01/2034	Ordinary Shares	37,000	$8.49	D
Ordinary Share Option (right to buy)	(4)	01/01/2035	Ordinary Shares	30,000	$8.49	D
Ordinary Share Option (right to buy)	(5)	01/01/2036	Ordinary Shares	35,000	$8.03	D

Explanation of Responses:

1. Includes 2,887 ordinary shares underlying restricted share units that will vest on December 31, 2026.

2. Represents options granted under the Company's prior long-term incentive plan, of which 22,540 have vested. The remaining 5,635 unvested options vest on December 31, 2026.

3. Represents options granted under the Company's long-term incentive plan ("LTIP"), of which 18,500 have vested. The remaining 18,500 unvested options vest in two equal annual installments on December 31, 2027 and December 31, 2028.

4. Represents options granted under the LTIP, of which 7,500 have vested. The remaining 22,500 unvested options vest in three equal annual installments on December 31, 2027, December 31, 2028 and December 31, 2029.

5. Represents options granted under the LTIP. These options vest in four equal annual installments on December 31, 2027, December 31, 2028, December 31, 2029 and December 31, 2030.

Remarks:

See Exhibit 24 - Power of Attorney.

	/s/ Yaiza Maria Rodriguez Robles, attorney-in-fact	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Codere Online (CDRO) Form 3 filing show for the COO?

The Form 3 shows COO Deborah Frida Guivisdalsky’s initial beneficial ownership in Codere Online, including 11,874 ordinary shares and multiple option grants with exercise prices between $8.0300 and $10.0000, expiring from December 31, 2027 through January 1, 2036.

How many Codere Online (CDRO) ordinary shares does the COO directly own?

The COO directly owns 11,874 ordinary shares of Codere Online. This total includes 2,887 ordinary shares underlying restricted share units that are scheduled to vest on December 31, 2026, giving a mix of currently held shares and time-based equity compensation.

What stock options over Codere Online (CDRO) shares does the COO hold?

The COO holds options over 28,175 shares at $10.0000, 37,000 shares at $8.4900, 30,000 shares at $8.4900, and 35,000 shares at $8.0300. These options expire between December 31, 2027 and January 1, 2036 under the company’s long-term incentive plans.

How are the Codere Online (CDRO) COO’s stock options scheduled to vest?

Footnotes state portions of each option grant are already vested, with remaining options vesting in annual installments. Unvested options vest on December 31, 2026, and in equal annual installments on December 31, 2027, 2028, 2029, and 2030, depending on the specific option grant.

Are any of the Codere Online (CDRO) COO’s awards restricted share units (RSUs)?

Yes. The filing notes that 2,887 ordinary shares are underlying restricted share units. These RSUs are scheduled to vest on December 31, 2026, adding to the COO’s direct ordinary share holdings when the vesting condition is satisfied.

Does the Form 3 for Codere Online (CDRO) report recent insider buying or selling?

No buy or sell transactions are reported. The Form 3 lists existing holdings and derivative positions, including ordinary shares, restricted share units, and several option awards, providing a baseline of the COO’s equity stake rather than recording new market trades.